GBPUSD Forecast
Initially was anticipated for the down move towards the weekly low with the potential reversal level at 1.39000
But couldn't have the confirmation with DXY move and even GBP
Currently the structure is unveiling with the GBP up move is still holding a strong momentum to the upside
Structurally GBPUSD hasn't change the direction in the bigger time frame to the upside
But the time factor aspect, It seem choose to go without any pullback retracement
If the analysis correct, GBP will keep going strong this week.
Expect GBPUSD to reach level 1.41000 for now if the price action maintain and closed above level 1.39300 in next 2 hours
Will relook into the structure again by then cause potentially it can go one more big down to break the weekly low before total up move
All the best and trade with care !
Initially was anticipated for the down move towards the weekly low with the potential reversal level at 1.39000
But couldn't have the confirmation with DXY move and even GBP
Currently the structure is unveiling with the GBP up move is still holding a strong momentum to the upside
Structurally GBPUSD hasn't change the direction in the bigger time frame to the upside
But the time factor aspect, It seem choose to go without any pullback retracement
If the analysis correct, GBP will keep going strong this week.
Expect GBPUSD to reach level 1.41000 for now if the price action maintain and closed above level 1.39300 in next 2 hours
Will relook into the structure again by then cause potentially it can go one more big down to break the weekly low before total up move
All the best and trade with care !